Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) Sees Large Drop in Short Interest

Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 25,725 shares, a decrease of 77.5% from the July 30th total of 114,218 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 72,678 shares, the short-interest ratio is presently 0.4 days.

Pacer Nasdaq International Patent Leaders ETF Price Performance

Shares of Pacer Nasdaq International Patent Leaders ETF stock opened at $35.69 on Friday. Pacer Nasdaq International Patent Leaders ETF has a 1 year low of $23.83 and a 1 year high of $38.85. The firm has a market cap of $210.57 million, a PE ratio of 18.15 and a beta of 1.03. The company has a 50 day simple moving average of $35.52 and a two-hundred day simple moving average of $33.40.

Pacer Nasdaq International Patent Leaders ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 8th. Stockholders of record on Thursday, June 4th were given a dividend of $0.049 per share. The ex-dividend date was Thursday, June 4th.

Institutional Trading of Pacer Nasdaq International Patent Leaders ETF

A hedge fund recently bought a new position in Pacer Nasdaq International Patent Leaders ETF stock. Sankala Group LLC bought a new stake in Pacer Nasdaq International Patent Leaders ETF (NASDAQ:PATN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,463 shares of the company’s stock, valued at approximately $201,000. Sankala Group LLC owned about 0.57% of Pacer Nasdaq International Patent Leaders ETF as of its most recent SEC filing.

Pacer Nasdaq International Patent Leaders ETF Company Profile

The Pacer Nasdaq International Patent Leaders ETF (PATN) is an exchange-traded fund that is based on the Nasdaq International Patent Leaders index. The fund seeks to track an index of the top 100 international large- and midcap growth companies, as measured by patent valuations. Holdings are weighted by market capitalization. PATN was launched on Sep 16, 2024 and is issued by Pacer.